Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long-term process of financial development. It is characterized by a long history, a large trading scale, and numerous market participants, holding a pivotal position in international foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK for a field visit.

Process

The on-site inspection team for this period visited the forex broker Kyte in the UK as planned. According to public information, its office address is "Kyte Broking Limited 55 Baker Street London W1U 8EW UNITED KINGDOM".

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct an on-site verification of the broker Kyte, which claims to be located at "Kyte Broking Limited 55 Baker Street London W1U 8EW UNITED KINGDOM".

The verification personnel successfully arrived at the target building. The location is in a bustling area of London, with a vibrant surrounding environment and a strong commercial atmosphere. However, no company signage or related information was found on the exterior of the building.

The verification personnel entered the building lobby and explained their purpose to the security guard. After friendly communication, they obtained permission to enter the lobby. Upon entering the lobby, they found that there was no company directory board inside the building, nor did they see the company's LOGO.

Due to the lack of an appointment, the verification personnel could not access the specific floor to confirm the company's exact location, and thus could not enter the company's interior. At the same time, they were unable to photograph the reception desk, and the office was not a shared workspace.

Through the lobby area, one could sense that the building's interior decoration was very luxurious. Both the reception desk staff and the security guard could confirm that the company was present here. However, overall, due to the lack of an appointment, it was not possible to further understand the company's internal office environment and other conditions. Nevertheless, judging from the luxuriousness of the building, the overall environment aligns to a certain extent with its claimed positioning.

Therefore, after the on-site verification, it was confirmed that the broker Kyte exists at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Kyte in the UK as planned. By confirming with the reception and security personnel at the publicly displayed business address, it was verified that the broker exists, indicating that the broker has a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.